State and federal prosecutors are investigating whether major banks committed fraud when foreclosing on homeowners. That's after company employees acknowledged they failed to conduct required reviews. Bank of America, Chase and GMAC Mortgage have put tens of thousands of foreclosures on hold across 23 states. Lawmakers want a nationwide moratorium on foreclosures.
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Full story at http://www.npr.org/templates/story/story.php?storyId=130421557&ft=1&f=1006
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